Unidentified Speaker — Everything You’re Told About The Global Economy Is Wrong | … [7exjLSxKenE]
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China operates as a market society but not a capitalist society in the Western sense; the primary decision-making power is political executive power, not capital interests; in the West, capital has primacy and dictates political decisions; in China, political decisions dictate capital allocation—a fundamentally different system requiring different metrics to evaluate.
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